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are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
>>> how are small businesses affected by the cuts? a mattress maker combat as sluggish economy by attracting buyers by expansion. and he owns several restaurants but found a way to keep hungry customers coming into all of them. at track through expansion, coming up next on your business. >>> small businesses are revitalizing the economy and american express open are here to help. that's why we're proud to present your business on msnbc. >>> hi, there, everyone. welcome to your business, the show dedicated to giving you tips and advice to help your small business grow. america's small business owners are anxiously a waiting to see what i am pact the federal budget cuts known as the sequester will have on their bottom lines. the budget control act which was passed by congress and then signed by the president translates to $85 billion in cuts and spending that many have predicted these cuts will disproportionately harm small businesses. cuts in the defense budget may hurt the most. the sba says small businesses that supply defense contractors are already feeling the pinch. steven
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
might go a little higher. that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argumen
to the economy? >> i think you cannot get these kind of cuts without -- >> what cuts? i'm talking about freezing -- >> hold on. i know you're a young politician. i like young politicians more than old politicians. but whatever you are, you got to wait. because i let you go. right? let's do that. i think the answer is if you look at taking a big bite out of the jobs in the public sector, and taking away the spending that goes throughout the entire economy, that hurts growth. that's the biggest problem. i think an issue for you is i think it's great to have someone who's 23 out there running. i think that is great in both parties. we have way too many senior citizens making decisions for the rest of us. i'm with that. the question i have for you is, if you're going to go in your district, prince william counties is one of the biggest counties. >> 70,000 federal workers. >> you know where i'm going. that's the debate have. what's the largest employer there? >> 70,000 people. 1 out of every 10 people in my district works for the federal government. >> you're going to run. this is the question. you'r
until you topple the entire economy. >> there budget is built on a hoax. on the one handled they say it balances in ten years. on the other hand they say they repeal obama care. but they keep the savings in obama care. if you would repeal obama care today, their budget would not be in balance. >> you saw him there, the democratic congressman, the top democrat on the committee. good to see you. >> good to be with you. >> in the past hour, you announced what you're calling a house democratic budget alternative. first of all, what is it and how is it different from the previous plan offered by the senate? >> well, it is similar to the senate plan. in other words, we also focus on job creation and accelerating the economy right now. then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to th
's who he is. he's herbert hoover, he doesn't understand the economy and doesn't understand what's coming. >> that's not true. just for the record that's not factually true, you do realize that. >> bill: and herbert hoover didn't see the depression coming, didn't see that his policies were leading up to the armageddon. >> and that's not the issue-- >> and barack obama doesn't see it either. >> that's a red herring. >> bill: a red herring? >> yeah, you can google that-- >> it's not. it's a historical fact. hoover didn't know it was coming and we all got blasted because he didn't know and the same thing is likely to happen with barack obama. >> i'm not making an argument about herbert hoover. and the argument is whether a balanced budget is necessary for-- >> 20 trillion dollar debt by the time leaves office, that's crazy. >> the question is what kind of debt it is. >> bill: no, money is money. >> that's not true, if i blue through the econoblew through l bush did, and the war and if i investigate in technology on-- >> that's an outlay of money that will not come back to the treasury. if it
are not helping people to improve their conditions. the scandals have devastated our economy. host: thank you very much for the call. this is a profile on the snap program in rhode island. it is an ackerman for the supplemental nutrition assistance program. let us go to jason from britain, new jersey. caller: thank you for this great topic. i think it is one we can all relate to because everyone has to eat. it all starts with food. athink the first lady has set good example with the garden she is growing behind the white house. given to allwas americans to grow a garden. this could wipe out the hunger problem probably within one growing season. some type of tax incentive, some the of extra tax on corporations and oil companies that are getting subsidies. take a small fraction of that away. give that to citizens to grow food. around in onethis season. this is an opportunity out of anniversary -- this is an opportunity. out of adversity comes opportunity. it is a travesty to see americans going hungry. these are programs i did not even get interested in. it is easy for us to blame government. let us
with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation i'm not going to put out a plan on medicare or social security. you do it. maybe i'll agree to it. today is the second day of the organizing for action conference here in washington. when you hear what the president told political donors and activists last night, bear in mind he made those remarks after an hour of having his own motives questioned by house republicans repeatedly. from the outset, the president went out of his way to say his aims with ofa are not just political. >> people have been puzzled about what it is tha
the week. the president has been battling republicans over a way forward for the nation's economy. has the president, do you think, lost any leverage following the sequester? which some commentators are suggesting has not been anywhere near as bad as the president, himself, warned it would be? >> well, i think that the steps that he took in 2009 and 2010 and beyond have been great steps, and the american, in terms of bringing the country back, and the american economy is a resilient economy. but it was never the case that the sequester was going to on day one drag the economy down. and, you know, the concern is over the next six months and over the long term. one projection of one of the, i think macroeconomics said they expect to see 700,000 jobs lost as part of the sequester. that's going to be over time. so the wise thing to do would be to find a sensible replacement for the sequester in the coming months. and i think that's what his efforts are going to be placed. and hopefully he'll find partners on both sides of the aisle to do that in the coming months. but let's be honest about
point, it can't be at the expense of the economy and jobs. >> here's where both sides may agree. >> is he right that we did not have an immediate crisis. >> we did not have an immediate crisis. >> to borrow from the phrase from the fiscal commission, we're the healthiest looking horse in the blue factory. we see it coming we know it's irrefutably happening. a lot of folks worrying about that blue factory, congressman. the president said that crisis was a concern when he spoke to joe and mika early on. you said had said that was a concern. the president has changed his tone on that. why has he done that? >> well, the debt remains a concern-we've made a significant down payment with the budget control act, with the fiscal cliff deal and now with the sequester which i hope will have a short life. so we've made a significant dent already. but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. i
, corporate profits are up. we're starting to make progress in our economy. wages aren't and unemployment is too high. he wants to have budget that reflects building from the middle out things he said in the campaign. number two, he was asked specifically about chain cpi. what he made clear is he will not chase a bad deal. you heard mr. boehner just now, he seems to be demanding a bad deal. the president making it quite clear he won't chase it i think gave members some confidence it's not as though he's going to give something away like chain cpi. what the president said is any deal he negotiates is going to have to be balanced. that means a significant contribution from revenues, largely from cleaning up the tax code, with a focus on investing. you know, the sequester is putting us two years off on doing a scientific research for health care. so the president was reassuring to us that he's focused on the middle class. he's focused on jobs and not interested in getting into a negotiation where we bid against ourselves, something we've done too much of in the past. >> congressman, members
to shoot straight and say, it's not as if our government's going to collapse tomorrow or the economy is going to collapse tomorrow if we do nothing. but it's time to quit kicking the can down the road. you know, the folks on the other side of the aisle have talked about a balanced approach. but there's nothing balanced about a budget that doesn't balance. frankly the republican proposal is a relatively modest one. we grow government by 3.5% a year over the next ten years and balance the budget to, you know, put our kids and grand kids in a better position. >> obviously a big issue is going to be medicare. congressman cartwright, i want to get you to respond to something that senator corker says he wants president obama to do. here's what he said over the weekend. >> when the president uses his bully pulpit to explain to the american people that families are only paying one-third of the cost of medicare, we will know that we've begun the process of trying to solve this problem. i hope that happens as soon as he gets back from israel. >> congressman cartwright, i know there's a lot of
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
the sequester for the moment maybe don't do anything. the economy looks like it's picking up a little steam. and that might be just what we need. you know, in terms of the ryan budget, it took a public drubbing in the election. we, we already forgotten about november? when the republicans ran on the ryan budget. if they want to keep revisiting that, that's their choice. but why are we talking about this? we just find out that medicaid and medicare deliver health care cheaper than anything else? and they want to eviscerate that? it makes utterly no sense at all to me, anyway. >> howard, these seem to be sort of political manifestos, more than fiscal proposals. especially the ryan budget, over 40% of its savings are based on a repeal of obama care. which ain't going to happen any time soon. >> i agree, they are political. they aren't even opening negotiating positions, sometimes people set out markers that are designed to begin negotiations. these are political documents and they're speaking to their own parties. and the democrats have already said, look, you want to run on the ryan budget ag
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, interest rates are extremely low right now. there's a lot of unused productive capacity in the economy. there is disagreement over whether you could continue to run the deficits. so, you know -- i don't want to say there's no disagreement. people do disagree over this, and that's the problem that washington hat right now. everyone says we have to cut, we have to cut. that's the problem with the murray budget. it goes way too far toward the republicans. if unfortunate the sharp debate that schumer is talking about, debate the progressive budget, which actually adds spending and stimulus against the ryan plan. >> we haven't cut spending, have we? seriously. can we at least try that and see whether or not all of this -- but that's not cutting spending. you're still spending the money, judd forestalling where you will make the payment. >> it's still growing. >> spending in this country is still growing. it's a contingent and sane argument to make that we need to address it from that side first. we gave you the $600 billion in new taxes, you want more, you want more spending. >> paul ryan w
the revenue? we'll get it from growth in the economy but if the growth is not going to take place until the years 13, 14, and 15, why not incorporate that in our budget discussions and i really believe we'll find and to build a budget going forward. >> congressman, you say you're optimistic about finding common ground. the white house has egg on its face after a report in the "national journal" that quoted a white house official calling the president's visits to capitol hill a joke. i want to play what jay carney had to say to that yesterday. >> i have no idea who said that but i can tell you that opinion has never been voiced in my presence, in the president's presence, in the west wing. it does not represent the president's view. >> so the president is meeting with house republicans this afternoon. is anyone really taking seriously the outreach that the president is doing? are your colleagues on the hill looking at this and rec fiziogn that the president is trying to engage on a consensus? yes, we are. i don't know who may have said that. but let me say to that person, this ain't no j
comes in with a 70% approval rating in the the worst economy since the great depression. three and a half weeks into his presidency he has his economic stimulus plan. now you can argue and i think that we would that is a plan largely hatched in the democratic rooms but it also had more than a third of almost 40% of tax cuts. and the single largest tax cut was the extension of the alternative minimum tax which came from chuck grassley who voted against the plan. three and a half weeks and not a single republican in the house votes for it and three in the senate not including those that had most of their amendments at it and then we move on from there to not a single one voting for any significant initiative. that to me represents a difference. and a difference would suggest a willingness to find out how you can solve some problems even if there are other places you want to stop. a contrast between where the parties are now so there are no angels here but we really do have one party that is not that far from the midfield area although it has moved and the other party is behind it
and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our budget, but if you look at the ryan republican budget, it calls itself balanced, but it does it? just a horrendous ways to families across our country, who have been watching their kids go to school and struggle because of the cutbacks there, people who can't get a job today, people who want to have a strong country in the future, know that the investments we make in education and the infrastructure are devastated in the ryan budget, and he makes false promising that could be kept about reducing the tax rates. the only people that are protected in the ryan budget are the wealthiest and the largest corporations. they tell the rest of america, you are responsible for managing this debt that we have g
and the economy and limiting the size of government and being fiscally responsible. that's what we're hearing folks talk about here and across the country. >> morris, senator portman's announcement comes on the heels of over 100 prominent republicans signing their name on a brief urging the supreme court to allow gay marriage. we have president obama announcing his support. are we at a watershed moment? >> i think so. i think as you look at the next anyration, the folks under 40, this is nothing that they really -- they don't really understand why the older generation doesn't get their arms around this. you know, as people personalize it, when you have a member of your family that perhaps is gay or lesbian, it's easier for you to come out as a republican, but they really are going to have to do a better job of pushing along the party. it's not as big a deal for younger americans. just as race for the other generation became less of a big deal. this will become less of a big deal for a sexual preference. >> alice, your former candidate rick santorum, he's staunchly against gay marriage. listen
here illegally is in any way skilled or would contribute to the american economy. >> to the american economy, which you know, defies our, our entire history. i mean the thing that's so stunning about the 47% comment, that comment, the if i were a mexican comment that he made -- >> the comment that if his dad had been mexican he'd have a better shot of winning this. >> when your tape came out, i was so shaken by it, i was talking about it for, it came out late in the afternoon. i kept talking about it for hours trying to wrap my head around how was it possible that a person running for president of the united states -- leave aside in public -- in private, speak that way about a country he hoped to lead. and it spoke to me anyway and clearly to you as well, that this mitt romney has, has this mindset that has him high above everyone else. in a way that made him, i think unpalatable to lots of people. and your video just was like, the boom, that's it. that's enough for me. for a lot of people. >> scott, in the fix, in the "washington post" shawn sullivan has a great analysis, it's like
to a healthy, productive economy that will also help grow our way out of the situation. >> congresswoman, one thing, we have house speaker john boehner and the republican senator rand paul. they have differing views on whether we're truly in a debt crisis at this moment or not. take a listen. >> we do not have an immediate debt crisis. but we all know that we have one looming. >> we do have an immediate problem. it's gathering storm. it's going to be enormous. >> all right. gathering storm. it's going to be enormous. how come there is such a disparity among republicans not being on the same page of whether we're in a debt crisis or not? >> well, i think you could look at $16 trillion worth of debt and while it may not be a crisis today, it is definitely a problem and rand paul is right. it is looming and it is going to be an enormous deal because if you stayed with the president's budget, the path that it puts you on is by 2022 you're going to have $25 trillion worth of debt. and what we are saying and what speaker boehner is saying is we still have time to manage through this so that it does
the economy, period. >> bill: here is my problem with gates. i was defending him but i don't think if he would say if george w. bush. you know president bush needs more power. at this think he is liberal partisan. i don't know him. i think that is where he coming from. share the wealth and income redistribution? >> there is no better example of ee leetsd in this country, gates equals microsoft, $61 billion net worth on the part of bill gates. >> bill: he gives a lot of money away. he is not a hypocrite like al gore? >> not even close but we should discuss what he is doing. these powerful companies hold the gate way to the digital world. microsoft, facebook, google these are huge companies, big power and then to align it with statist president like barack obama that would have a crushing influence on our society. >> bill: in the g.o.p. budget put forth by congressman ryan there was at call for a repeal of obamacare. now, i said earlier this week that was dumb. you don't put that in there because no one pays any attention to anything else. that is never going to happen. so we're into the land of
on the economy? zero. the vote was 10 to 8. all republicans voted against. democrats voted for. with 91% support. tell me how this ends for the republican party. joining us now is the congresswoman who represents newtown. nice to be here. i know today, you were -- you saw the bike riders leave on their journey to washington and you were there today in washington when they arrived. what do you see as that kind of personal equipment we're seeing by people who care about this issue. >> and the courage these folks are showing, that these parents who lost love d ones who lost their friends and neighbors are showing not anger. not retribution, but commitment for real common sense gun laws. you just said it. 91% of the public. which i wonder if that is related to the about 90% of the public who think congress is is doing a lousy job. it is time for us to step up. >> when you look back at the kinds of events that have gal v vanized real change, it is fascinating to look back at how hard people tried to pass gun e reform after the assassination of the president in 1963 by a gun that would have been ille
at where defense spending is today either as a percentage of the economy or budget, it's below post-war norms. under the president's budget it will fall more rapidly. the main cause that we saw today of the explosive growth in spending over ten years, president obama made that worse although the republicans in congress ten years ago didn't cover themselves and the changing face of america. we have many more now supported by workers for the retirement programs and a noble important purpose. they need to be preserved for the next generation. >> you are a proud veteran and something i find to be interesting to some degree of polling is the lack of availability for benefits for those who have served so nobly and come home. i want to put up the stats for you. veterans affairs data. 600,000 veterans have benefits and 245,000 have benefitings back lock logged aier or more. the average is 273 days. the first time claimants from iraq and afghanistan, the average wait is 316 days. how come if you go out and fight for your country and bleed and come back wounded, you are waiting up to a year t
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and the floods come, our doctors and rescuers reach out to help. when people are suffering from africa to asia, we partner to fight disease and overcome hunger. we stand together because peace must come to the holy land, for even as we are clear-eyed about the difficulties, we will never lose sight of the vision of an israel at peace with its neighbors. so as i begin this visit, let me say as clearly as i can, the united states of america stands with the state of israel because it is in our fundamental national security interest to stand with israel. it makes us both stronger. it makes us both more prosperous, and it makes the world a better place. that's why -- [ applause ] that's why the united states was the very first nation to recognize the state of israel 65 years ago. that's why the star of david and the star and stripes fly together today. that is why i'm confident in declaring that our alliance is eternal, forever. thank you very much. [ appla
a balanced budget just for the sake of balance. my goal is, how do we grow the economy, put people back to work. >> paul ryan responded by mocking the the idea of a charm offensive. >> that didn't sound too charming to me, i guess i would say. it didn't come across as terribly charming to me. but, you know, look, we're used to this. >> democrats spent the day trying to point out the flaws in ryan's budget math, which depends on savings from higher taxes in the fiscal cliff deal, closing unspecified tax loopholes, and also counts savings from the president's health care plan, which ryan continues to promise that he wants to repeal. >> it's creative at best and fraudulent at worst. >> it's a hoax. it's totally phony to say, in the same breath, that they've presented a balanced budget and that they are repealing obama care. the math doesn't add up. >> and in an interview with cnbc's larry kudlow, ryan appeared to admit that he is depending on health care reform to achieve his balance. >> the likelihood of getting repeal this year is very, very, very low. does it blow a hole in your ten-yea
of cuts early, we're going to potentially wreck this economy. that's number one. number two, if you look at paul ryan's budget, there are incredible cuts in there to the poorest people in the country. and also to people in the middle class. the center on budget and policy pray others estimates that it would knock 40 million to 50 million people out of health coverage. the president cannot support that. and i think it's a real challenge for people who are moderates. are they going to acknowledge how radical paul ryan's budget is? so it's not surprising that the meeting was testy. there's just such a huge gulf right now between the president and house republicans. >> well, huge gulf. let me show you what the gop leaders said and how they stressed how far apart they were after the meeting, how far apart they were from the president on key issues. let me show you. >> republicans want to solve our long-term debt problem. the president doesn't. we want to unlock our energy resources to put more americans back to work. the president doesn't. but having said that, today was a good start. >> agai
by the time we came into office in 2009, it was all about the economy. but the animating event really for three years, leading up to that election, was iraq. i definitely think, i think it is, i think it will have a huge impact, it has on this commander-in-chief and will have on future commanders in chief. because they understand that without some popular support, it's hard to go about doing -- a lot of military action. without some broad popular support among people to do something like this, there's very little taste to park tens of thousands of people in a place like syria. that even though it's important, has less of a connection to folks here at home. they understand now probably more than ever, the real costs of the war. not just in dollars, but in lives and in injuries and in things like ptsd, which we'll quite frankly be dealing with for a lifetime. >> rachel i want to talk about the veterans' angle on this and we speak about the cost of war. we often forget about those still living if you're look at what's happening to veterans, there are 600,000 of veterans who have backlog
to talk about the economy. have a one mention to all voters. well, it turns out the obama way was the successful approach in the 2012 election. >> mark murray, thank you so much. we'll see whether it happens. how the rubber hits the road. >> thank you. >>> coming up, a crowded race in south carolina for the open congressional seat there. there is no shortage. we'll get an update. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can
it sound like it wouldn't cause a dent in the u.s. economy. a washington times interview quotes him saying, "the likely economic effects would be relatively small. if the united states goes to war in iraq to depose saddam hussein." he went on to praise the war's upside. "the key issue is oil and a regime change in iraq would facilitate an increase in world oil which would tend to lower oil prices here." in 2002 -- there's more of this. >> oil prices went up. the number i always used to say when i talk about iraq often and paul and i would have these debates and when this was really in conscience, $20 billion on air-conditioning in iraq per year during the height of the year. $20 billion on air-conditioning in iraq and afghanistan. >> in 2002, richard pearl, chairman of the defense policy board said we are not talking about a massive ip vags along the lines of '91. we're talking about a much more modest effort in which the united states would assist iraqis in freeing their country. let me get over to paul about the manpower and loss of lives. and the world you live with. 31,000 wounded. abo
on the math. we're not losing the issues on spending and debt and jobs and the economy. those are total winners for us. what we found in the election is while we're winning the arguments on spending and math, we're losing sort of this emotional cultural vote out there in presidential elections. and it didn't just happen overnight, luke. i mean the fact is our parties have a tough time over the last 24 years winning decisive presidential elections. and it's our job as a party to get to the bottom of why that is. and that's what we're trying to do. so, you know -- >> okay. let's talk about that emotional cultural vote. your predecessor said this this morning on "morning joe" about the issues you have in minority community. >> how does he reconcile his agreement with voter registration policies that many in the black community view as anti-black, racist? you can show up any time. it's what you say and what do you when you get there that matters most to people. >> so the former chairman steel is attacking you right there saying that you're not doing enough in terms of minority outreach, tha
corporate earnings and concrete signs that the economy is slowly improving. like last week's monthly jobs report and yesterday's retail sales report showing that consumers are still spending despite the 2% payroll tax hike. keep in mind that valuations are telling investors that equities are not overpriced. based on the s&p 500, it's 16. that's below the average that we've seen since 1988 of 18.8. there's still stocks out there that are cheap. a word of caution, when the market runs up, analysts predict a correction soon after. beware of these stretches. >> meantime, there's a new survey out. i thought it was interesting. there's a big shift in the attitude of working moms. >> that's very true. according to a pew research study. a big spike in the number of working moms that said they prefer to work full-time. 37% said that. that was up from 21% in 2007. it comes at an interesting time. because despite the run-up in the stock market, it's tough out there for most people. that could be influencing the results of had study more than ambition alone. >> cnbc's jackie deangelis, always good to
-- >> it's love fest. >> look the political economy is clear. let's not fool ourselves. the initiative in new york was one initiative. it's silly to ban superize drinks and still have big gulp. they tried to impose a soda tax in california. that was defeated. there was discussion of a soda tax in the affordable care act and beverage industry went bananas. in vermont they are trying it. in hawaii. in each place it's been beaten back often with the power of money from big soda which doesn't want to see this and grass root support often from groups that represent people of color. this is not unique to new york. >> let me just say this. we talk about interesting coalitions. i'm standing in opposition to the soda ban with a conservative liber libertyian. the mayor exceeded his authority and trespassed on the jurisdiction on the new york city council and clearly he did not consult with the new york state council or new york state legislature and clearly this entity, this agency, this administrative agency never consulted with new york city council. now, for me the issue is really about physi
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's arsenal. in the meantime he said that the u.s. will keep the toughest sanctions in place on iran's economy. >>> a subatomic particle discovered last summer is looking like an elusive higgs boson. on thursday the scientists made the breakthrough announcement about the so-called god particle that experts say gives mass to all other particles in the universe. particles were detected during experiments in the large hadron collider on the swiss/french border. >>> no budget break-through after the president met with lawmakers on both sides of the aisle but parties are scrambling to avert a government shutdown later this month. meanwhile, democrats have unveiled their budget blueprint that could see a full senate vote next week. >>> a full speed ahead on the tsa's plan to allow small knives on board. passenger planes. the agency head told the house homeland security committee on thursday that he is, in fact, standing by that proposal, despite growing backlash. >>> now to wall street. cnbc's mary thompson has the latest from the new york stock exchange on this friday. good morning to you, mary. >>
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